Amplicity Raises $1 Million Seed Round to Deploy Battery Optimisation Projects

PaySpace Magazine reports that Amplicity, an energy asset optimisation company, has secured US$1 million in seed funding to launch commercial battery projects in Singapore and expand operations in Australia.

The company provides control systems for backup batteries at industrial sites and data centres, enabling idle UPS assets to participate in peak electricity management and energy markets. The approach aims to reduce electricity costs, generate new recurring revenue and maintain backup functionality without operational compromise.

The round is a step toward broader decarbonisation targets across the Asia-Pacific region, where rising energy costs, grid volatility and Scope 2 commitments are pushing operators to look for smarter uses of the batteries they already own.